A Good Time to Buy

The home buying process

Buyer’s guide

Your understanding of the purchasing process is invaluable and deserves your special attention. For your benefit, it is essential that your First Weber agent ask questions to understand your needs, wants, and ability to purchase.

Showing process

Your First Weber Agent will assist you in selecting homes for viewing in accordance with your needs. Please feel free to inspect all aspects of a home during the showing and make notes regarding each home.

Communication during showings

Feedback is essential. Specific comments help your First Weber Agent determine exactly what you’re looking for and should result in finding a suitable home and making an offer.

The offer

After an offer is written, your First Weber Agent will contact the listing agent who will present your offer to the sellers.

The sellers have the following alternatives:

Accept the offer

Reject the offer

Write a counter offer (Should a counter offer be written, your First Weber Agent will then discuss whether it is in your best interest to accept, reject, or counter back.)

Once the offer is accepted, your First Weber Agent will notify you immediately.

Mortgage application

It is extremely important that you apply for a loan immediately after your offer is accepted. Your First Weber Agent can recommend several lenders for you to contact. The lender may require a loan application fee to be used toward a credit check, appraisal, etc.

Processing your loan

In order to speed the process along, have your bank account and credit card numbers available as these will need to be verified by your lender. Your First Weber Agent will check with your lender throughout the processing of your loan to ensure things are progressing smoothly.

Time and place of closing

Once your loan is approved, the time and place for closing, as agreed upon in the offer, will be scheduled.

Prior to closing

Have all utilities transferred to your name as of the date of closing. Notify post office and telephone company of your address change.

You will have the opportunity to make a final inspection of the property.

A one year Home Warranty Plan will be made available for purchase by you if it was not part of your offer to purchase.

Your lender may require you to obtain a homeowner’s insurance policy and have a paid receipt to begin coverage on your new home at closing.

Obtain a certified check for the exact amount of money to be paid at closing. This figure will be made available to you prior to closing.

Understanding Buyer Agency

Wisconsin Agency Law Provides for Different Types of Relationships Between Buyer and REALTOR®

The Traditional Buying Process

In the traditional buying process, a real estate agent working with a buyer without a Buyer Agency contract is, by law, working as an agent of the seller. An agent working without a Buyer Agency contract must still be fair in his/her dealings, but is prohibited by law from giving the buyer critical advice such as a professional opinion of a price or in suggesting negotiation strategies.

Buyer Representation

Buyer Representation (Buyer Agency) was created in response to buyers’ desires to have agents work in their best interests as opposed to the sellers’ best interests. First Weber was one of the first brokerages to embrace buyer agency and First Weber agents are encouraged to work as Buyer Agents for buyers if at all possible.

Designated Agency

With Designated Agency, a buyer under Buyer Agency with a broker continues to receive full client services even when purchasing a property listed with another agent in the same brokerage. First Weber Group, as a full service broker to both buyers and sellers, offers Designated Agency to better serve both buyers and sellers.

The benefits of Buyer Representation

Services provided:

Buyer Representation

Traditional Buying Process

• Express a professional opinion of the seller’s asking price, based on a Comparative Market Analysis prepared for YOU

Buyer Representation: YES

Traditional Buying Process: NO

• Recommend and assist YOU with negotiation strategies for best price and terms

Buyer Representation: YES

Traditional Buying Process: NO

• Negotiate exclusively on YOUR behalf throughout the transaction

Buyer Representation: YES

Traditional Buying Process: NO

• Critique a seller’s property beyond disclosing defects

Buyer Representation: YES

Traditional Buying Process: NO

• Advise on, write the offer, and draft provisions in YOUR best interests

Buyer Representation: YES

Traditional Buying Process: NO

• Protect your confidentiality

Buyer Representation: YES

Traditional Buying Process: YES

• Treat you honestly and fairly

Buyer Representation: YES

Traditional Buying Process: YES

• Respond honestly and accurately to questions concerning the property

International marketing:

First Weber Realtors is the most comprehensive source for Wisconsin real estate.

Thank you for looking to First Weber and FirstWeber.com for your Wisconsin realty needs. First Weber Realtors is ready to help you buy a home for sale in Wisconsin. First Weber offers condominiums, homes for sale, vacant land, farms, duplex and multi family as well as Wisconsin Lake property and Wisconsin lakefront real estate. We also sell Commercial real estate in Wisconsin. Read the First Weber blog for information on the Wisconsin real estate market and learn about our realty services at First Weber.com